💨 Abstract

RBI Governor Shaktikanta Das has urged bank boards to strengthen their internal governance framework to curb unethical practices such as mis-selling and KYC verification violations. He also advised carefully structuring staff incentives to avoid encouraging unethical behavior. Das stated that the banking sector is strong and stable, but emphasized the need to reinforce resilience during good times.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖